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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 144221 times)
cryptonomos
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May 23, 2017, 09:28:38 PM
 #201

Good news for mining industry! Segwit got approved Smiley
https://news.bitcoin.com/new-york-bitcoin-miners-tentatively-agree-on-segwit-activation/

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chip1982
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May 23, 2017, 10:47:47 PM
 #202

Hello,

I’d like to see a little more clarification on the pricing structure. Let’s build a hypothetical situation where I purchase 10,000 WTT tokens.

These 10,000 WTT tokens get me 10kW of mining space and a power rate of 2.8¢ per kWh. If I dropped my own mining rigs in there, what would the additional cost be for Gigawatt to run and maintain my miners?  Your original post lists a 3.3¢ per kWh hosting fee for token owners. Assuming this includes power, that would imply Gigawatt is charging 0.5¢ per kWh for maintenance?

Now, getting a little more complicated, what sort of fees would be incurred if I had no mining rigs and wanted Gigawatt to find renters, fill my mining space, and manage it all for me?

Thank you for the information!


I'd be happy to clarify it for you Smiley

If you decide to drop your rigs in there, you would actually be getting reduced hosting fee, and you would also pay installation fee of $20 per Asic miner or $40 per GPU miner, depending on what you decide to send in. With WTT tokens, your rental fee drops to 0, and you would only be paying 3.3¢ per kWh, that is correct. Maintenance of 0.5¢ per kWh is already included in 3.3¢ price.

It's not so complicated actually, see for yourself using this calculator. With renting out 10,000 tokens to other miners, you could potentially earn anywhere from $3679.20 of annual rental income (assuming you picked 4.2¢/kW/h rental fee) to $5650.20 (that is with 6.45¢/kW/h rental fee). You decide which rental fee to pick. There will be dashboard, where you would be able to find miners with matching fees in your cabinet in Giga Watt's account. You wouldn't need to manage much, besides choosing what type of payout you would have (BTC, LTC, ETH) - just sit back and enjoy the ride Smiley

So to be clear; the WTT tokens will give me a space for putting my own equipment, and give a discount of the power price from 12.8 cents/kWh to 3.3 cents/kWh. But I still need to buy my own equipment. To put a BTC miner of 1500 watts there (of ~$1500), I will need to invest 1500 WTT tokens (= $1500) and still have to pay 3.3 cents/kWh.  The financial benefit of the WTT tokens I bought would be 12.8-3.3 = 9.5 cents/kWh, which means that it would take 1500/0.095 ~ `15000 hours, or 650 days to earn back the purchase price of the WTT tokens? This is besides the revenue of the mining of course....
Yes, you are right.

Hi, I seem to have a misunderstanding in this example.

I thought the power price is always at 2.8 cents/kWh no matter which scenario, which means there is no discount on the power price. The benefits from the WTT token comes in a deduction of the rental fee to zero. If the standard hosting fee without token for one miner is 9.75 cents/kWh then the benefits of the token is 9.75-3.3 =  6.45 cents/kWh, which should mean that it takes even longer to earn back the purchase price of the WTT token.

Where does the 12.8 cents/kWH come from?

Thanks for any clarification.

cryptonomos
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May 23, 2017, 10:55:54 PM
 #203

Hello,

I’d like to see a little more clarification on the pricing structure. Let’s build a hypothetical situation where I purchase 10,000 WTT tokens.

These 10,000 WTT tokens get me 10kW of mining space and a power rate of 2.8¢ per kWh. If I dropped my own mining rigs in there, what would the additional cost be for Gigawatt to run and maintain my miners?  Your original post lists a 3.3¢ per kWh hosting fee for token owners. Assuming this includes power, that would imply Gigawatt is charging 0.5¢ per kWh for maintenance?

Now, getting a little more complicated, what sort of fees would be incurred if I had no mining rigs and wanted Gigawatt to find renters, fill my mining space, and manage it all for me?

Thank you for the information!


I'd be happy to clarify it for you Smiley

If you decide to drop your rigs in there, you would actually be getting reduced hosting fee, and you would also pay installation fee of $20 per Asic miner or $40 per GPU miner, depending on what you decide to send in. With WTT tokens, your rental fee drops to 0, and you would only be paying 3.3¢ per kWh, that is correct. Maintenance of 0.5¢ per kWh is already included in 3.3¢ price.

It's not so complicated actually, see for yourself using this calculator. With renting out 10,000 tokens to other miners, you could potentially earn anywhere from $3679.20 of annual rental income (assuming you picked 4.2¢/kW/h rental fee) to $5650.20 (that is with 6.45¢/kW/h rental fee). You decide which rental fee to pick. There will be dashboard, where you would be able to find miners with matching fees in your cabinet in Giga Watt's account. You wouldn't need to manage much, besides choosing what type of payout you would have (BTC, LTC, ETH) - just sit back and enjoy the ride Smiley

So to be clear; the WTT tokens will give me a space for putting my own equipment, and give a discount of the power price from 12.8 cents/kWh to 3.3 cents/kWh. But I still need to buy my own equipment. To put a BTC miner of 1500 watts there (of ~$1500), I will need to invest 1500 WTT tokens (= $1500) and still have to pay 3.3 cents/kWh.  The financial benefit of the WTT tokens I bought would be 12.8-3.3 = 9.5 cents/kWh, which means that it would take 1500/0.095 ~ `15000 hours, or 650 days to earn back the purchase price of the WTT tokens? This is besides the revenue of the mining of course....
Yes, you are right.

Hi, I seem to have a misunderstanding in this example.

I thought the power price is always at 2.8 cents/kWh no matter which scenario, which means there is no discount on the power price. The benefits from the WTT token comes in a deduction of the rental fee to zero. If the standard hosting fee without token for one miner is 9.75 cents/kWh then the benefits of the token is 9.75-3.3 =  6.45 cents/kWh, which should mean that it takes even longer to earn back the purchase price of the WTT token.

Where does the 12.8 cents/kWH come from?

Thanks for any clarification.



Sorry, might have looked at the wrong number Smiley Your total savings are indeed 9.75-3.3 =  6.45 cents/kWh which means that you are saving up to approximately 60% of total fees with WTT tokens. To earn back what you input there with tokens, should take you somewhere between 1.5 and 2 years.

tok_jingga
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May 24, 2017, 04:42:38 AM
 #204

what another scam project?

https://www.youtube.com/watch?v=Nj8PM3hcOaQ

21:05

#consensus2017
cryptoworldwide
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May 24, 2017, 10:40:35 AM
 #205

Admin, I am waiting for your reply. Please answer all questions.



So My understanding To Mine with Panda we need to pay US$2664 for equipment + US$1250 for WW or buy this amount of token+ per day rent charge, as a token holder you will get waive of rent charge and hosting fee pls clarify?

pls also confirm what would be production capacity per day so we can calculate approximate return on investment?

Also, confirm how much electricity and other charges you will deduct each day to run this panda?

is there any option we can go for rent equipment from you rather than healthy investment in equipment?

What will happen if I have less Token of 1250 watt how can I run mining of 1250 WW?

From my understanding being token holder you are buying rent and hosting charges nothing else.

Your reply on each specific question would highly appreciate and I believe it will also help other members to justify the investment into this project.





@cryptonomos Please confirm.
To setup ETH miner.
I will need to first pay you $2,664 and buy $1375 WTT tokens and then pay 0.23 cents per day to run and maintain the miner.  

Yes, you are right.


What if after six months I don't want to mine. I know I can rent my token. What about the miner cost $2664 that I paid you?

2664$ is the price of miner. Miner belongs to you.


ETH is soon going to use POS model. Will you switch miner to mine other coins later?

Yes, you can switch miner to mine other coins.

chip1982
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May 24, 2017, 07:24:43 PM
 #206

Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982
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May 25, 2017, 01:51:15 PM
 #207

Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982
1)2,8 cents/kWh is secured price. It can rise only when the energy supplier will raise prices but  this is not profitable for them because they are interested in our development.


2) Mining profit calculator:https://giga-watt.com/promo/prices
WTT token profit calculator:https://cryptonomos.com/wtt/calculator


3)It will count as 4 years but tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

chip1982
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May 25, 2017, 02:47:12 PM
 #208

Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982
1)2,8 cents/kWh is secured price. It can rise only when the energy supplier will raise prices but  this is not profitable for them because they are interested in our development.


2) Mining profit calculator:https://giga-watt.com/promo/prices
WTT token profit calculator:https://cryptonomos.com/wtt/calculator


3)It will count as 4 years but tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

Many thanks. And congratulations to your project.
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May 25, 2017, 02:49:53 PM
 #209

Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982
1)2,8 cents/kWh is secured price. It can rise only when the energy supplier will raise prices but  this is not profitable for them because they are interested in our development.


2) Mining profit calculator:https://giga-watt.com/promo/prices
WTT token profit calculator:https://cryptonomos.com/wtt/calculator


3)It will count as 4 years but tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

I have just read these comment about this project and I can recognize this is a interesting project for my investment .
I will watch it and consider to join this project but if I bought this product and mined it on your farm then I want to take it to my house so May I have it delivered to my house and how long can I get this miner?
xcajun21
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May 25, 2017, 04:11:02 PM
 #210

Cool beans.







How does it work though? I don't Understand? It's a token as well as a coin and a renting service?

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chip1982
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May 25, 2017, 09:48:31 PM
 #211

Hi Cryptonomos,

thank you for your support. One last theoretcial question:

Let's assume I run 3 miners. My neighbor is better off and runs 7 miners. Are we allowed to join our forces?

Together we would have 10 miners which would qualify for the medium hosting plan and in essence that would mean a benefit of 9.75 - 9.0 = 0.75 c/kWh in hosting costs.

Thanks
chip1982
cryptonomos
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May 26, 2017, 01:45:15 AM
 #212

Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982
1)2,8 cents/kWh is secured price. It can rise only when the energy supplier will raise prices but  this is not profitable for them because they are interested in our development.


2) Mining profit calculator:https://giga-watt.com/promo/prices
WTT token profit calculator:https://cryptonomos.com/wtt/calculator


3)It will count as 4 years but tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢?/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

I have just read these comment about this project and I can recognize this is a interesting project for my investment .
I will watch it and consider to join this project but if I bought this product and mined it on your farm then I want to take it to my house so May I have it delivered to my house and how long can I get this miner?
Miner will be sent to you by mail.Delivery date depends on where you you live.

cryptonomos
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May 26, 2017, 01:47:46 AM
 #213

Cool beans.







How does it work though? I don't Understand? It's a token as well as a coin and a renting service?

You are buying WTT token. WTT token is an Ethereum token representing the right to use the Giga Watt's facility's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of mining equipment power consumption. Essentially, this is access to professional mining – with an extraordinarily low entrance threshold. In fact, it could be compared to membership in an elite private mining club.

Tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

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May 26, 2017, 02:39:14 AM
 #214

wait for socmed bounty  Grin
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May 26, 2017, 06:35:58 AM
 #215

If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?
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May 26, 2017, 07:42:05 AM
 #216

I love this project and I want to join.

cryptonomos
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May 26, 2017, 11:45:02 AM
 #217

If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?

Giga Watt has a calculator https://giga-watt.com/promo/prices on the website which computes approximate earning within the following year; however it does account increasing mining difficulty, so we wouldn't be able to answer your question with precise number.

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May 26, 2017, 01:54:30 PM
 #218

If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?

Giga Watt has a calculator https://giga-watt.com/promo/prices on the website which computes approximate earning within the following year; however it does account increasing mining difficulty, so we wouldn't be able to answer your question with precise number.

Is the "efficiency" (or $14,292) mentioned in the picture below the return from mining? Let's say I have 2,928 tokens, what are the additional costs that I need to bear for mining Ether in the example shown in the picture?
http://imgur.com/a/qTcy4

Also, in the picture above, it says that the annual hosting fee is $1,158. However, in the picture below, it shows that the annual hosting fee saving for 2,928 tokens is $1,731. Could you explain the discrepancy?
http://imgur.com/a/kQtYw
minhduc134
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May 27, 2017, 03:22:49 AM
 #219

This is such a great ideas for coin miner! How many token will be released?
cryptonomos
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May 27, 2017, 06:51:11 PM
 #220

If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?

Giga Watt has a calculator https://giga-watt.com/promo/prices on the website which computes approximate earning within the following year; however it does account increasing mining difficulty, so we wouldn't be able to answer your question with precise number.

Is the "efficiency" (or $14,292) mentioned in the picture below the return from mining? Let's say I have 2,928 tokens, what are the additional costs that I need to bear for mining Ether in the example shown in the picture?


Also, in the picture above, it says that the annual hosting fee is $1,158. However, in the picture below, it shows that the annual hosting fee saving for 2,928 tokens is $1,731. Could you explain the discrepancy?

14292$ is the annual efficiency of miner.
WTT token is an Ethereum token representing the right to use the Giga Watt's facility's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of mining equipment power consumption. Essentially, this is access to professional mining – with an extraordinarily low entrance threshold. In fact, it could be compared to membership in an elite private mining club.
Tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

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